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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.

Economic Development

funding levels adjusted for inflation (CPI)

  • Funding History
Adjusted for inflation (CPI) NOT adjusted
FY21 SWM$281,548,821$281,548,821
FY20$256,246,776$253,517,615
FY19$188,559,340$183,644,536
FY18$149,129,130$142,289,823
FY17$136,022,751$126,937,368
FY16$163,461,598$149,758,534
FY15$168,910,203$153,733,740
FY14$196,879,155$177,916,666
FY13$128,846,061$114,652,269
FY12$170,026,596$148,788,629
FY11$113,282,134$96,303,818
FY10$126,521,581$105,466,788
FY09$166,661,002$137,572,431
FY08$206,159,887$167,826,896
FY07$503,335,291$395,089,313
FY06$255,593,288$195,544,062
FY05$145,471,424$107,243,052
FY04$165,401,037$118,378,636
FY03$212,990,166$149,148,560
FY02$244,842,071$167,757,499
FY01$314,503,562$211,737,839
  • See Changes in Funding
Between and
Funding for Economic Development
24.3%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY21 SWM$281,548,821$281,548,821
FY21 HWM$249,346,274$249,346,274
FY21 Gov$212,767,301$212,767,301
FY20$256,246,776$253,517,615

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY20FY21 GovFY21 SWM
Mass. Cultural Council$18,375,711$16,298,039$18,180,000
Workforce Competitiveness Trust Fund$7,454,393$7,000,000$10,000,000
Commonwealth Infrastructure Investment Assistance Reserve$13,721,718$12,838,487$12,838,487
Supplier Diversity Office$934,658$990,880$990,881
Department of Agricultural Resources Administration$12,057,076$11,793,887$8,193,887
Cannabis and Hemp Oversight$1,888,835$1,091,942$1,091,942
Executive Office of Housing and Economic Development$3,367,988$2,331,480$2,331,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$16,242,996$16,240,000$20,000,000
Housing and Economic Development Info. Tech.$3,359,873$3,387,713$3,194,089
Advanced Manufacturing Workforce Development Grants$2,820,035$2,500,000$2,500,000
Innovation Institute$2,526,913$3,750,000$2,500,000
Urban Agenda Economic Development Grants$2,481,428$2,500,000$0
Small Business Technical Assistance Grant Program$3,133,372$4,000,000$4,000,000
Learn to Earn$1,025,927$950,000$950,000
Career Technical Institutes$0$6,941,100$4,000,000
Transformative Development Fund$1,010,765$250,000$250,000
Massachusetts Cybersecurity Innovation Fund$1,263,456$950,000$950,000
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,541,417$1,350,000$0
Entrepreneur in Residence Pilot Program$50,538$0$0
Big Data Innovation and Workforce Fund$505,383$0$0
Economic Recovery Programs for Small Business$0$0$46,350,000
Community Empowerment and Reinvestment Grant Program$0$0$15,000,000
Community Foundation Grants$0$0$5,000,000
Executive Office of Labor and Workforce Development$2,486,667$792,621$1,592,620
Labor and Workforce Development Shared Services$14,070,671$12,216,022$11,972,362
Demonstration Workforce Development Program$1,010,765$1,250,000$1,300,000
Registered Apprenticeship Expansion$505,383$500,000$500,000
Department of Labor Standards$3,574,321$3,576,736$3,536,254
Dept. of Labor Standards Licensing Fees Revenue$417,746$426,673$413,297
Department of Family and Medical Leave$3,891,446$0$0
Department of Industrial Accidents$19,191,337$19,399,477$18,986,939
Massachusetts Manufacturing Extension Partnership$2,021,530$0$2,000,000
Health Care Worker Training$202,153$0$200,000
MassHire Department of Career Services$6,631,184$2,064,979$2,064,979
One Stop Career Centers$4,406,988$3,960,051$5,000,000
Department of Labor Relations$2,890,948$2,880,434$2,860,158
Joint Labor Management Committee for Municipal Police and Fire$252,691$250,000$250,000
Massachusetts Service Alliance$1,415,071$1,400,000$1,400,000
AFL-CIO Workforce Development Programs$151,615$0$150,000
Office of Consumer Affairs and Business Regulation$1,300,647$1,304,849$1,304,849
Regional Economic Development Grants$1,010,765$1,000,000$6,000,000
Massachusetts Office of Business Development$3,636,319$1,701,313$1,951,313
Biotechnology Research Institute$758,074$0$0
Small Business Development Center at UMass$1,441,576$1,426,222$1,426,222
Microlending$505,383$0$600,000
Commonwealth Zoological Corporation$4,801,135$4,000,000$5,100,000
Small Business Association Layoff Aversion Grant Program$252,691$0$0
Massachusetts Office of Travel and Tourism$4,207,993$4,163,176$4,163,175
Local Tourist Councils Financial Assistance$6,064,591$6,000,000$6,000,000
Massachusetts Restaurant Commission$2,021,530$0$0
Local Economic Development Projects$14,823,680$0$0
One-Time Local Economic Development Projects$7,474,608$0$0
Massachusetts International Trade Council$123,589$124,203$122,274
Race Horse Development Fund Tax Transfer$19,644,305$17,752,332$14,201,866
Mass. Tourism Trust Fund Tax Transfer$2,177,715$2,138,228$1,710,582
Workforce Training Fund (Transfer)$24,763,747$25,000,000$25,000,000
Mass Cultural Council Tax Transfer$4,355,430$4,276,456$3,421,165
FY20FY21 GovFY21 SWM
Mass. Cultural Council$18,375,711$16,298,039$18,180,000
Cultural Resources Act$0$0$0
John and Abigail Adams Arts Program$0$0$0
Mass. Development Finance Agency$0$0$0
Mass Development Small Business Loan Reserve$0$0$0
Economic Stimulus Trust Fund$0$0$0
Capital Needs Investment Trust$0$0$0
Educational Rewards Grant Program$0$0$0
Commonwealth Information Technology Initiative$0$0$0
Board of Higher Education Scholar-Internship Match$0$0$0
Workforce Competitiveness Trust Fund$0$0$0
District Local Technical Assistance Fund$0$0$0
Workforce Competitiveness Trust Fund$7,454,393$7,000,000$10,000,000
Mass. Life Sciences Investment Fund$0$0$0
Infrastructure Development Fund$0$0$0
Mass. Cultural Facilities Fund$0$0$0
Mass. Technology Transfer Center$0$0$0
Dept. of Business and Technology Grants$0$0$0
Historical Preservation Grants$0$0$0
Dairy Farmer Reserve$0$0$0
Mass. Port Authority Tourism$0$0$0
Commonwealth Infrastructure Investment Assistance Reserve$13,721,718$12,838,487$12,838,487
District Local Technical Assistance Fund$0$0$0
Historic Preservation Reserve$0$0$0
Mass. High Tech Council Grant$0$0$0
Mass. Defense Technology Institute$0$0$0
MassPort Tourism$0$0$0
Supplier Diversity Office$934,658$990,880$990,881
Commonwealth Zoological Corporation$0$0$0
Commonwealth Zoological Corporation$0$0$0
Commonwealth Zoological Corporation$0$0$0
Department of Agricultural Resources Administration$12,057,076$11,793,887$8,193,887
Cannabis and Hemp Oversight$1,888,835$1,091,942$1,091,942
Agricultural Innovation Center$0$0$0
Aquaculture Development$0$0$0
Commonwealth Zoological Corporation$0$0$0
Department of Labor$0$0$0
Executive Office of Housing and Economic Development$3,367,988$2,331,480$2,331,480
Summer Jobs Program for At-Risk Youth (YouthWorks)$16,242,996$16,240,000$20,000,000
Permitting Technical Grants$0$0$0
Housing and Economic Development Info. Tech.$3,359,873$3,387,713$3,194,089
Advanced Manufacturing Workforce Development Grants$2,820,035$2,500,000$2,500,000
Local Capital Projects Program$0$0$0
Advanced Manufacturing Futures Program$0$0$0
Mass. Life Sciences Center$0$0$0
Community Action Agency Operations and Outreach$0$0$0
Manufacturing College$0$0$0
Innovation Institute$2,526,913$3,750,000$2,500,000
International Trade$0$0$0
Military Base Promotion$0$0$0
Urban Agenda Economic Development Grants$2,481,428$2,500,000$0
Community Compact Grants$0$0$0
Small Business Technical Assistance Grant Program$3,133,372$4,000,000$4,000,000
Wireless Broadband Affairs Director$0$0$0
Executive Office of Labor and Workforce Development$0$0$0
Apprentice Training Program$0$0$0
Labor and Workforce Development Info. Technology$0$0$0
Division of Occupational Safety$0$0$0
Asbestos Abatement and Deleading Services Revenue$0$0$0
Occupational Hygiene Program$0$0$0
Division of Industrial Accidents$0$0$0
Labor Relations Commission$0$0$0
Joint Labor-Management Committee$0$0$0
Board of Conciliation and Arbitration$0$0$0
Division of Labor Relations$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0
Workforce Competitiveness Trust Fund$0$0$0
Learn to Earn$1,025,927$950,000$950,000
Career Technical Institutes$0$6,941,100$4,000,000
Downtown Regional Grant Program$0$0$0
MassVentures Operations$0$0$0
Transformative Development Fund$1,010,765$250,000$250,000
Massachusetts Cybersecurity Innovation Fund$1,263,456$950,000$950,000
Working Cities Tech Assistance Grants$0$0$0
Parking Management Plan Grants$0$0$0
Mass. Tech. Collaborative Tech and Innovation Entrepreneurs$1,541,417$1,350,000$0
Entrepreneur in Residence Pilot Program$50,538$0$0
Big Data Innovation and Workforce Fund$505,383$0$0
North Shore InnoVentures$0$0$0
Digital Health Internship Incentive Fund$0$0$0
Economic Recovery Programs for Small Business$0$0$46,350,000
Community Empowerment and Reinvestment Grant Program$0$0$15,000,000
Community Foundation Grants$0$0$5,000,000
Electricity Deregulation Supplemental Unemployment Insurance$0$0$0
Executive Office of Labor and Workforce Development$2,486,667$792,621$1,592,620
Labor and Workforce Development Shared Services$14,070,671$12,216,022$11,972,362
Demonstration Workforce Development Program$1,010,765$1,250,000$1,300,000
Registered Apprenticeship Expansion$505,383$500,000$500,000
Labor and Workforce Development Info. Technology$0$0$0
Department of Labor Standards$3,574,321$3,576,736$3,536,254
Dept. of Labor Standards Licensing Fees Revenue$417,746$426,673$413,297
Department of Family and Medical Leave$3,891,446$0$0
Re-Employment Assistance$0$0$0
Economic Stabilization Trust$0$0$0
Department of Industrial Accidents$19,191,337$19,399,477$18,986,939
Manufacturing Assistance$0$0$0
Direct Care Workforce Development Contract$0$0$0
Summer Jobs Program$0$0$0
Health Care Career Ladder Programs$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0
Massachusetts Manufacturing Extension Partnership$2,021,530$0$2,000,000
Health Care Worker Training$202,153$0$200,000
Commonwealth Corporation Grants$0$0$0
Workforce Training Fund$0$0$0
Individual Training Grants$0$0$0
Racetrack Employee Re-Training$0$0$0
MassHire Department of Career Services$6,631,184$2,064,979$2,064,979
Just-A-Start Biotech Training$0$0$0
One Stop Career Centers$4,406,988$3,960,051$5,000,000
Mass. Workforce Professionals Association$0$0$0
Welfare-To-Work Skills Plus$0$0$0
Department of Labor Relations$2,890,948$2,880,434$2,860,158
Summer Jobs Program for At-Risk Youth$0$0$0
Arbitration and Mediation Retained Revenue$0$0$0
Joint Labor Management Committee for Municipal Police and Fire$252,691$250,000$250,000
Workforce Development Initiative$0$0$0
Massachusetts Service Alliance$1,415,071$1,400,000$1,400,000
AFL-CIO Workforce Development Programs$151,615$0$150,000
Small Business Association Layoff Aversion Program$0$0$0
Workforce Development Tracking$0$0$0
DES Youth Service And Conservation Corps$0$0$0
Commonwealth Development Coordinating Council$0$0$0
Grants to Municipalities$0$0$0
Municipal Economic Development$0$0$0
Community Development Action Grant$0$0$0
Quincy Center Revitalization$0$0$0
Economic Grants to Municipalities$0$0$0
Management Incentive Grants$0$0$0
Community Investment Grant Program$0$0$0
Grant to Worcester - CitySquare Project$0$0$0
Worcester Medical City Grant$0$0$0
Non-Fed Aided Urban Renewal$0$0$0
Urban Revitalization and Development$0$0$0
Office of Consumer Affairs and Business Regulation$1,300,647$1,304,849$1,304,849
Comprehensive Document Imaging System$0$0$0
Precision Manufacturing Pilot$0$0$0
Department of Business and Technology$0$0$0
Mystic Valley Economic Development$0$0$0
Regional Economic Development Grants$1,010,765$1,000,000$6,000,000
Mass. Opportunity Relocation and Expansion Program$0$0$0
BRAC Program MBDC$0$0$0
Brownfields Redevelopment Fund$0$0$0
Mass. Business to Business Program$0$0$0
Massachusetts Office of Business Development$3,636,319$1,701,313$1,951,313
In-State Sales Force$0$0$0
Office of Small Business and Entrepreneurship$0$0$0
Manufacturing Initiatives$0$0$0
Mass. Manufacturing Extension Partnership$0$0$0
Mass. Office of Business Development Grants$0$0$0
Biotechnology Research Institute$758,074$0$0
Mass. Manufacturing Extension Partnership$0$0$0
Economic Development Grants$0$0$0
Devens Progress Review$0$0$0
Small Business Development Center at UMass$1,441,576$1,426,222$1,426,222
Microlending$505,383$0$600,000
Year Up$0$0$0
Mass. Office of Travel and Tourism$0$0$0
Mass. Sports and Entertainment Commission$0$0$0
UMass Boston Venture Development Center$0$0$0
Local Travel and Tourism Grants$0$0$0
Commonwealth Zoological Corporation$0$0$0
Commonwealth Zoological Corporation$4,801,135$4,000,000$5,100,000
Mass. Office of Travel and Tourism Competitive Grants$0$0$0
Mass. Film Office$0$0$0
Local Tourist Councils Financial Assistance$0$0$0
MassDevelopment Reserve II$0$0$0
Business Export Grants$0$0$0
Mass. Technology Collab./Mass. Technology Park Corp.$0$0$0
Mass. Tech. Collab. Computer Science Education$0$0$0
Mass. International Trade Council$0$0$0
MassDevelopment Reserve$0$0$0
State Office of Minority and Women Business Assistance$0$0$0
Small Business Association Layoff Aversion Grant Program$252,691$0$0
Mass. Office of Travel and Tourism$0$0$0
Mass. Technology Development Corporation$0$0$0
Mass. Technology Park Corporation$0$0$0
Westfield - Engineering and Infrastructure Improvements$0$0$0
Massachusetts Office of Travel and Tourism$4,207,993$4,163,176$4,163,175
Anniversary Celebrations$0$0$0
Local Tourist Councils Financial Assistance$6,064,591$6,000,000$6,000,000
Mass Office of Travel and Tourism International Marketing$0$0$0
Massachusetts Restaurant Commission$2,021,530$0$0
Local Economic Development Projects$14,823,680$0$0
One-Time Local Economic Development Projects$7,474,608$0$0
Massachusetts International Trade Council$123,589$124,203$122,274
Alternative and Clean Energy Investment Trust$0$0$0
Brownfields Redevelopment Fund$0$0$0
Emerging Technologies Fund$0$0$0
Mass. Research Center Matching Fund$0$0$0
Smart Growth Housing Trust$0$0$0
Race Horse Development Fund Tax Transfer$19,644,305$17,752,332$14,201,866
Mass. Tourism Trust Fund Tax Transfer$2,177,715$2,138,228$1,710,582
Workforce Training Fund (Transfer)$24,763,747$25,000,000$25,000,000
Mass Cultural Council Tax Transfer$4,355,430$4,276,456$3,421,165